PHILLIPS COUNTY MOTOR SPORTS: Form 990EZ, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- PHILLIPS COUNTY MOTOR SPORTS (EIN 41-2091901)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-06
- IRS object ID
- 202043119349201094
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-06T13:45:09-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390758449 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WIPFLI LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 101 EAST FRONT STREET 301 | AddressLine1Txt |
| City | MISSOULA | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 412091901 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILLIPS COUNTY MOTOR SPORTS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PHIL | BusinessNameControlTxt |
| Phone | 4066542340 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 31 | AddressLine1Txt |
| City | MALTA | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59538 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JACY STOLEM | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 4066542340 | PhoneNum |
| Signature | 2020-10-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PHILIP L YASENAK CPA | PreparerPersonNm |
| PTIN | P01248379 | PTIN |
| Phone | 4067281800 | PhoneNum |
| Preparation | 2020-10-21 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Website Address | WWW.PCMOTORSPORTS.ORG | WebsiteAddressTxt |
| Organization501c | Yes (X) | Organization501cInd |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $141,438 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $30,825 | ContributionsGiftsGrantsEtcAmt |
| Program Service Revenue | $65,165 | ProgramServiceRevenueAmt |
| Investment Income | $160 | InvestmentIncomeAmt |
| Gaming Gross Income | $8,400 | GamingGrossIncomeAmt |
| Fundraising Gross Income | $31,550 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $2,489 | SpecialEventsDirectExpensesAmt |
| Special Events Net Income Loss | $37,461 | SpecialEventsNetIncomeLossAmt |
| Gross Sales Of Inventory | $4,439 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $2,966 | CostOfGoodsSoldAmt |
| Gross Profit Loss Sls Of Invntry | $1,473 | GrossProfitLossSlsOfInvntryAmt |
| Other Revenue Total | $899 | OtherRevenueTotalAmt |
| Total Revenue | $135,983 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $1,650 | GrantsAndSimilarAmountsPaidAmt |
| Fees And Other Pymt To Ind Cntrct | $23,767 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $29,993 | OccupancyRentUtltsAndMaintAmt |
| Printing Publications Postage | $325 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $91,225 | OtherExpensesTotalAmt |
| Total Expenses | $146,960 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$10,977 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $97,112 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Net Assets Or Fund Balances EOY | $86,135 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,914 | BOYAmt |
| EOY | $24,309 | EOYAmt |
Land And Buildings LandAndBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,198 | BOYAmt |
| EOY | $55,371 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $6,455 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,112 | BOYAmt |
| EOY | $86,135 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,112 | BOYAmt |
| EOY | $86,135 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Primary Exempt Purpose | THE BUSINESS PURPOSE OF THIS CORPORATION SHALL BE TO WORK FOR THE PROMOTION AND ECONOMIC DEVELOPMENT AND TOURISM IN PHILLIPS COUNTY, IN THE STATE OF MONTANA. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | THE BUSINESS AND PURPOSE OF THIS ORGANIZATION SHALL BE TO WORK FOR THE PROMOTION AND ECONOMIC DEVELOPMENT AND TOURISM IN PHILLIPS COUNTY, IN THE STATE OF MONTANA | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $0 | GrantsAndAllocationsAmt |
| Program Service Expenses | $0 | ProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (11 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|
| DAN STOUT | ||||
| PRESIDENT | 1.00 | $0 | $0 | $0 |
| JOHN CARNAHAN | ||||
| VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| JACY STOLEM | ||||
| SECRETARY/TREASURER | 1.00 | $0 | $0 | $0 |
| DENNY OVERCAST | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| DYLAN BERGOS | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| DAN JOHNSON | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| FRANK BALDICK | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| DAVE OLSON | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| DENNIS BEBEE | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| GARY MATHWICH | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| NEIL STAHL | ||||
| DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | 0 | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | 0 | OrganizationHadUBIInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Direct Indirect Pltcl Expend | $0 | DirectIndirectPltclExpendAmt |
| Made Loans To From Officers | 0 | MadeLoansToFromOfficersInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACY STOLEM | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 618 | AddressLine1Txt |
| City | MALTA | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59538 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4066542340 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Donor Advised Fnds | 0 | DonorAdvisedFndsInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Tanning Services Provided | 0 | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | AUCTION INCOME | Event1Nm |
| Gross Receipts Event1 | $31,550 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $31,550 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $2,489 | CashPrizesEvent1Amt |
| Gross Receipts Total | $31,550 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $31,550 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $2,489 | CashPrizesTotalEventsAmt |
| Direct Expense Summary Events | $2,489 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $29,061 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME | DESCRIPTION: INTEREST. AMOUNT: 160. TOTAL TO FORM 990-EZ, LINE 14: 29,993. |
| FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY | INCOME: GROSS RECEIPTS: 4,439. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 2,966. GROSS PROFIT: 1,473. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 2,966. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 2,966. |
| FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE | DESCRIPTION: OTHER INCOME. AMOUNT: 899. |
| FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID | ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: ANDERSON & KOSS. DATE OF GIFT: 01/31/19. AMOUNT GIVEN: 1,000. |
| FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID | ACTIVITY CLASSIFICATION: BANQUET DONATION. GRANTEE NAME: WALLEYES UNLIMITED OF MONTANA. GRANTEE ADDRESS: 1218 STEFFANICH DRIVE BILLINGS, MT 59105. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 01/31/19. AMOUNT GIVEN: 300. |
| FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID | ACTIVITY CLASSIFICATION: ONE CAMPAIGN DONATION. GRANTEE NAME: MALTA BOYS & GIRLS CLUB. GRANTEE ADDRESS: 101 S 7TH W MALTA, MT 59538. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 10/31/19. AMOUNT GIVEN: 200. |
| FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID | ACTIVITY CLASSIFICATION: CHILD SAFETY PROGRAM. GRANTEE NAME: NATIONAL CHILD SAFETY COUNCIL. GRANTEE ADDRESS: 4065 PAGE AVE JACKSON, MI 49204. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 11/01/19. AMOUNT GIVEN: 100. |
| FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID | ACTIVITY CLASSIFICATION: KAY MEMORIAL. GRANTEE NAME: BRIAN BUSKIRK. DATE OF GIFT: 02/13/19. AMOUNT GIVEN: 50. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 1,650. |
| FORM 990-EZ, PART I, LINE 14 | DESCRIPTION: DEPRECIATION/AMORTIZATION. AMOUNT: 17,264. DESCRIPTION: OTHER EXPENSES. AMOUNT: 12,729. |
| FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES | DESCRIPTION: WINNINGS PAYOUT. AMOUNT: 55,392. DESCRIPTION: SUPPLIES. AMOUNT: 14,946. DESCRIPTION: INSURANCE. AMOUNT: 8,155. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 5,272. DESCRIPTION: TRAVEL & FUEL. AMOUNT: 1,864. DESCRIPTION: MISCELLANEOUS. AMOUNT: 1,695. DESCRIPTION: ADVERTISING. AMOUNT: 1,543. DESCRIPTION: FEES. AMOUNT: 1,120. DESCRIPTION: MEALS. AMOUNT: 676. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 350. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 212. TOTAL TO FORM 990-EZ, LINE 16: 91,225. |
| FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS | DESCRIPTION: SOFTWARE UPGRADES, NET OF AMORTIZATION. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 6,455. |
Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Declaration | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. | DeclarationDesc |